All Forum Posts by: River Sava

Hey Kareem -

A solid first step is educating yourself through podcasts, books, and forums like BP. Once you've got the basics down, networking is key. Local real estate meetups, REI clubs, and even Facebook groups can connect you with experienced investors and potential mentors.

When it comes to finding mentors, focus on providing value; whether it’s offering to help with projects, sharing market insights, or just being a reliable connection. Surrounding yourself with experienced peers will open doors to learning opportunities and partnerships.

Wishing you the best as you get started!

Hi Chris - 

 Building a solid team is crucial, especially with a strategy like this. Your Core 4 (real estate agent, lender, contractor, and property manager) will play a huge role in your success. It’s great that you’re already networking with local groups, that will be the best way to connect with those who specializes in your market. 

As for rehab costs, it's going to vary. A rough estimate would be around $60 to $100 per square foot. This range accounts for variability in labor costs, material prices, and foundation work. Minor foundation repairs typically add a few thousand dollars. Also, I suggest adding at around 10-15% for contingencies to cover unexpected costs.

Good luck, and happy to send over some resources as your start out!

Hey Travis, welcome to BP!

 I love your story - pushing strollers to Guinness World Records? That’s impressive and such a fun way to connect your passion for running with family life.

It sounds like you've got a solid start with house hacking and traveling nurse rentals. Shifting to BRRRR and multifamily properties is a great move, and staying local to Everett/Snohomish will give you an edge. Building a network of agents, contractors, and lenders who understand cash flowing rentals and the BRRRR model will be key as you continue to scale.

Welcome Kobe!

 Hey Paola - Happy to connect and chat further to see what the numbers would look like. I sent you a dm to connect!

Hey Erich - 

If you’re not working with a realtor, I’d recommend bringing in a GC to walk the property and give you an estimate, that’s usually the most accurate. You can also learn average costs for common repairs in your market to get a ballpark figure yourself. Inspection reports are another good option if the seller allows it, but they might take more time.

Hey Jon - 

Congrats on becoming a soon to be dad and welcome to BP! I’m from Huntsville originally and work within the Tuscaloosa market often. I’d be happy to connect with you! RTR

Welcome Lindsey!

Happy to connect with you. I am based in Tampa but work with investors in NW FL as well. 

Hey Joe - Welcome to the community!

 Cincinnati has a lot of potential for both single and MF properties.If you haven’t already, I’d recommend joining local investor meetups (check out Meetup.com or local investor Facebook groups) to network with others in the area. It’s also helpful to connect with investor-friendly agents and lenders who understand your goals.Good luck!

Welcome Tyler!